Medicine by Design, Creative Destruction Lab partner on regenerative medicine
A new partnership between Medicine by Design and the Creative Destruction Lab (CDL), founded at the , will strengthen Toronto鈥檚 biomedical ecosystem by bringing together the University of Toronto鈥檚 world-class research in regenerative medicine and the CDL鈥檚 proven seed-stage program for science-based companies.
The two organizations are collaborating to launch a health-themed cohort at CDL-Toronto, expanding on a stream pioneered in 2017鈥2018 at CDL-West in Vancouver that helps technical teams take their health innovations to market by providing access to accomplished mentors and investors in life sciences.
Read more about the Creative Destruction Lab
Read more about Medicine by Design
Medicine by Design will provide ventures with technical advisory support from among its community of more than 110 scientists, engineers and clinicians across U of T and its affiliated hospitals who are working at the frontiers of regenerative medicine. The projects, technologies and companies that Medicine by Design researchers are building will also provide a robust pipeline of potential candidates for the CDL health stream.
鈥淢edicine by Design is delighted to work with the CDL to advance the commercialization of regenerative medicine therapies and technologies,鈥 said Michael Sefton, executive director of Medicine by Design. 鈥淏y combining Medicine by Design鈥檚 research expertise and CDL鈥檚 success in scaling seed-stage science-based companies, this partnership promises to take Toronto to the next level as a global leader in the field.鈥
鈥淭he Creative Destruction Lab has a strong history of supporting health-based companies, and we are very excited to deepen this area of focus through our health stream,鈥 said Sonia Sennik, executive director at the CDL. Through the success of companies like Phenomic AI and , the CDL has shown that its objectives-based mentoring can have an impact on the trajectory of an early-stage health company.
鈥淏y partnering with Medicine by Design, we can expand a successful model to include companies on the cutting edge of cell therapy and regenerative medicine,鈥 said Sennik.
are due on Aug. 12.